Tinder parent Match Group faces activist campaign from Starboard: 'Lack of innovation'
Starboard is in ongoing talks with Match Group and its board regarding ways to boost its profitability and cut costs, the activist fund’s boss Jeff Smith said in a letter.
Tinder and Hinge parent Match Group faces an activist investor campaign that wants the dating app giant to either overhaul its business or explore going private.
Starboard Value, which revealed Tuesday that it has built a 6.6% stake in Match Group, is in ongoing talks with the company and its board regarding ways to boost profitability and cut costs, the activist fund’s boss Jeff Smith said in a letter.